Blanket encumbrances affecting a unit at time of first conveyance.

  1. Law
  2. New Mexico Statutes
  3. Property Law
  4. Building Unit Ownership
  5. Blanket encumbrances affecting a unit at time of first conveyance.

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At the time of the first conveyance of each unit, every blanket encumbrance affecting the unit shall be paid and satisfied of record, or the unit being conveyed shall be released therefrom by partial release duly recorded.

History: 1953 Comp., § 70-4-14, enacted by Laws 1963, ch. 221, § 14; 1975, ch. 318, § 15.

ANNOTATIONS

Am. Jur. 2d, A.L.R. and C.J.S. references. — 15A Am. Jur. 2d Condominiums and Cooperative Apartments § 46.

31 C.J.S. Estates § 153 et seq.


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